483,464 Persons Withdraw N247.47bn From Pension Savings

483,464 Persons Withdraw N247.47bn From Pension Savings …C0NTINUE READING HERE >>>

A total of 483,464 Nigerians withdrew N247.47 billion from their Retirement Savings Accounts (RSAs) in the second quarter of 2024 due to job losses, according to data from the National Pension Commission (PenCom). This withdrawal represents 25% of their pension savings and highlights the impact of the rising cost of doing business in Nigeria, which has led to widespread unemployment.

The withdrawal amount in Q2 2024 significantly exceeds the N182.2 billion withdrawn by 443,720 RSA holders…

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